The EU and Italy on Wednesday called a truce in their bitter row over Rome’s disputed 2019 budget, as the populist government accepted to put off signature reforms.
European sources believe that the cost of servicing Italy’s debt quickly turned Rome away from confrontation with Brussels In a historic first, in October the European Commission rejected Italy’s big-spending budget, which promised a universal basic income and scrapped pension reform.In Wednesday’s deal, Italy agreed to back down on both of its landmark measures, and is now committed to not adding to its colossal two-trillion euro debt load next year.
"Intensive negotiations […]
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